Yoox Net-a-Porter boosts profit nearly 40 %

Yoox Net-a-Porter‘s net profit grew 38 % last year, while its turnover also grew 31 %. The results are the first full year results since Yoox and Net-a-Porter merged into one company in October 2015.

Huge growth expected for 2016

Yoox Net-a-Porter’s net profit reached 59.7 million euro, while turnover reached 1.7 billion euro in 2015. Positive exchange rate fluctuations were partly to thank for the turnover increase, because without them there would have been a “mere” 21 % growth. All markets and nearly all channels experienced growth, but its EBITDA margins did drop from 8.3 to 8.0 % because of higher marketing and logistics-related costs.

The merger company forecasts another 20 % turnover increase this year, in stable exchange rates. It will also invest 150 million euro, mainly towards new technology. The group currently owns six web shops, but will shut down two of those this year, as they overlap with more profitable web shops.